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927 points smallerfish | 1 comments | 04 Feb 25 00:00 UTC | HN request time: 0.229s | source

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sebmellen ◴[04 Feb 25 00:12 UTC] No.42925326[source]▶

All for a mere $1.4B in international loans from the (supposedly evil and corrupt) IMF…

Wasn’t El Salvador supposed to be Balaji’s first “Network State”? What happened to strike wallet and that whole crypto grifter crew?

1. xiphias2 ◴[04 Feb 25 00:14 UTC] No.42925370[source]▶

Bukele realized that it's more profitable to leave the legal tender and get a loan and buy Bitcoin from it instead.

El Salvador abandons Bitcoin as legal tender